Question

2. Nisha takes a loan of 45,000 at 6% per annum for 1.1/2years. Assuming that the interest is compounded
half-yearly, find the total interest paid by her​

Answer 1

Step-by-step explanation:

To find compound interest when interest is compounded half-yearly we use formula

A=P(1+

2

r

)

2n

Here, P=Rs.12000,r=10% and n=1.5 years

Hence,A=12000(1+0.05)

3

A=12000×1.157625

A=Rs.13891.5

Answer 2

Answer:

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